Nidec, a manufacturer of motors and generators, has inaugurated a new manufacturing facility with an investment of INR 6 billion at the Dharwad-Beluru Industrial Area in Hubballi, Karnataka. The site, named The Orchard Hub, marks a significant expansion of the company’s operations in India. The plant is expected to support sectors including electric vehicles, data centres, renewable […]
The Defence Research and Development Organisation (DRDO) has signed a Licensing Agreement for Transfer of Technology (LAToT) with NIBE Ltd for the production of the Pinaka Multi Barrel Rocket Launcher (MBRL) and the Battery Command Post (BCP). The agreement is intended to support domestic manufacturing of defence equipment. The Armament Research & Development Establishment (ARDE), […]
TKIL Industries, an engineering and manufacturing company, has entered into a collaboration with Germany-based Hoppecke Batterie Systeme to develop and integrate battery systems for rail applications in India. The partnership will focus on metros, regional trains, and locomotives, with initial joint projects expected to begin within 2025. The companies plan to combine TKIL’s engineering and […]
Schaeffler India Limited, a manufacturer of auto components, has inaugurated its fifth manufacturing facility in Shoolagiri, Tamil Nadu, aimed at expanding its capacity for producing powertrain and chassis components. Built within a land plot of 108,000 square metres, the facility covers 16,500 square metres, and is expected to reach full ramp-up by the fourth quarter […]
MTAR Technologies closed FY25 with an order book of INR 9.79 Billion, supported by INR 7.20 billion in new orders across sectors such as civil nuclear power, fuel cells, hydro power, aerospace, and defence. The company is advancing several new product initiatives, including first article manufacturing for clients like Fluence, Weatherford, and Israel Aerospace Industries, […]
Sicona Battery Technologies has entered into a technology licensing agreement with Himadri Speciality Chemical Ltd, including an AUD 15 million investment by Himadri to support the scale-up of Sicona’s SiCx Silicon Carbon anode material. The funding will be used to expand Sicona’s pilot operations in Australia and support global commercialisation efforts through new production facilities. […]
TVS Indeon, a wholly owned subsidiary of Lucas TVS, an automotive manufacturer, has entered into a partnership with Norway-based Pixii AS to expand the deployment of distributed battery energy storage systems (BESS) in India. The collaboration targets the commercial and industrial (C&I) segment, aiming to support the development of energy storage infrastructure across the country. […]
Jupiter Wagons Limited, a provider of mobility solutions across rail, road, and marine sectors, is advancing its manufacturing capabilities with new facilities and contracts across rail and electric vehicle segments. The company is setting up a railwheel and axle forging plant in Khurda, Odisha, on 40.8 acres of land, with an annual production capacity of […]
Lumax Auto Technologies (LATL), a manufacturer of auto components, will acquire the remaining 25 percent stake in IAC International Automotive India from the International Automotive Components Group for INR 2.21 billion. The transaction is expected to close by 31 May 2025, following which IAC India will become a wholly owned subsidiary of LATL. LATL had […]
MacGregor, a UK-based producer of cargo and load-handling solutions for the maritime industry, has received an order from the Netherlands-based Vertom group to supply electric cargo cranes for four multipurpose vessels being constructed at Chowgule Shipyard in India. Deliveries of the equipment are scheduled to begin in 2026. The order was booked in the second […]
